Toms River Industrial Land
1599 Route 9, Toms River, NJ 08755
COMMERCIAL - Toms River, NJ
Property size:
91,650 SFLot size:
22.70 AcresPrice / SF:
$196/SF- Added:
- Apr 7, 2026
- Days on Market:
- 46
- Last Refresh:
- May 22 at 5:06 pm
Property Features for 1599 Route 9
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 999999
- Size
- 91,650 SF
- Lot size
- 22.70 Acres
Listing agent Michael H Little License #9804215 (732) 797-9001
Listing office Keller Williams Shore Properties 1030 Hooper Ave., Toms River, NJ (732) 797-9001
Listing date Apr 7, 2026
MLS# 22609278
Listing URL
Copyright © 2026 More MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
HighLights
- 22.7 acres in the Light Industrial Zone on Route 9, offering significant development potential.
- Approved for 91,650 sqft of self‑storage, 73,686 sqft of warehouse, and 11,252 sqft of office space on 12.08 acres.
- Adjoining 10.62 acres potentially developable for up to 152,000 sqft of warehouse space.
- Permitted uses include light manufacturing, warehousing/storage, wholesale distribution, research laboratories, and executive offices.
- Includes parcels at 1593 Rt 9 (4.57 acres), 1599 Rt 9 (7.51 acres), 1579 Rt9 (10.42 Acres) and 1581 Rt 9 (0.2 acres).
- Other permitted uses include motor vehicle repair garages, child‑care centers, and hotels/motels (100+ units).
Overview
This 22.7-acre property in Toms River, NJ, presents a development opportunity in a Light Industrial Zone. The site includes approved land at 1593 Route 9 (4.57 acres) and 1599 Route 9 (7.51 acres), permitting the construction of 91,650 square feet of self-storage, 73,686 square feet of warehouse space, and 11,252 square feet of office space. An adjoining 10.62-acre parcel, currently without approvals or a concept plan, could potentially accommodate up to 152,000 square feet of warehouse space or a similar use. Additionally, the property includes unapproved land at 1579 Route 9 (10.42 acres) and 1581 Route 9 (0.2 acres). Permitted uses for this property encompass light manufacturing, warehousing and storage of goods (excluding hazardous chemicals), wholesale and distribution establishments (excluding used automobiles), scientific or research laboratories, executive or administrative offices not directly involved with the general public, federal, state, county, and municipal building grounds, essential services, motor vehicle repair garages, child-care centers, hotels and motels with 100 or more units, and mini-warehouse facilities including one dwelling.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$15.58M
NOI $1,402,245 @ 9.00% cap · cautious / downside scenario
Moderate
$20.03M
NOI $1,402,245 @ 7.00% cap · market / base-case scenario
Aggressive
$28.04M
NOI $1,402,245 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $2.75M | $30.00 |
| − Vacancy | −$879.8k | −$9.60 |
| EGI | $1.87M | $20.40 |
| − OpEx | −$467.4k | −$5.10 |
| NOI | $1.40M | $15.30 |
91,650 SF · lease $30.00/SF/yr · vacancy 32.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$20.03M
$17.53M – $23.37M
NOI $1,402,245 @ 7.0% cap · market cap 7.79%
Second Best
Warehouse
$17.84M
$15.61M – $20.82M
NOI $1,249,139 @ 7.0% cap · market cap 6.94%
Theoretical Best
Office A
$23.93M
$20.94M – $27.92M
NOI $1,675,215 @ 7.0% cap · market cap 9.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Location Insight
- Map
- Local Demand
- City
- Toms River
- County
- Ocean
- State
- New Jersey
- Longitude
- -74.213206
- Latitude
- 40.008264
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial land - 22.7 acres of approved land for self-storage, warehouse, and office.
Where is this industrial land located?
The property is located at 1599 Route 9 Toms River, NJ.
What is the asking price?
The asking price for this property is $18,000,000.
What are key features of this property?
This property features: 22.7 acres in the Light Industrial Zone on Route 9, offering significant development potential.; Approved for **91,650 sqft of self‑storage, 73,686 sqft of warehouse, and 11,252 sqft of office space** on 12.08 acres.; Adjoining 10.62 acres potentially developable for up to 152,000 sqft of warehouse space.
